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Here's a look ahead into what's coming up this week for potentially market-moving news.

• U.S. durable goods orders for June are on tap for Thursday, with economists expecting 1.1% monthly growth and 0.5% monthly growth in orders excluding transports. It's important to remember that although the headline number is largely dependent on the month-to-month large aircraft orders from Boeing, the majority of economists pay attention to the ex-transports figure. In May, durable goods orders ex-transports rose 0.7%, while capital goods orders rose a strong 1.1%. This coincides with strong gains that were seen in the regional and national manufacturing surveys throughout the month.

It appears that late April marked a low in the manufacturing cycle; investors are expecting a peak in activity into late-August coincident with a decline in orders as the fiscal debates heat up in the fall. The regional manufacturing survey of business conditions in Kansas City is also due out on Thursday, though its relevance to total manufacturing activity is on the lower end.

• Other highlights of the week will revolve around home sales for June: Existing home sales figures will be released on Monday and new home sales numbers will be released on Wednesday.

In this past week, new housing starts showed the largest miss versus consensus in history, with housing starts falling to a 836,000 seasonally-adjusted annual rate. The majority of this miss was due to the typically volatile drop in multi-family starts, though single-family starts showed a continued decline and may indicate a peak. Generally, though, housing demand remains robust despite the 1.2% rise in interest rates over the past two months. (Commercial properties have suffered a harder hit because of the increased rates.)

In existing home sales numbers we will see the most detailed picture of the housing recovery to date. So far this year, sales of distressed properties (short sales or foreclosures) have fallen to 18% from 25% in 2012 and from a peak of 34% in 2011. On the other hand, investors' share of purchases have continued to decline while cash buyers and first-time buyers have shown a corresponding increase as the drivers of increased total purchases. Finally, existing home sales inventory reached an 11-year low in January, representing a boon for residential construction as long as demand continues. Equally, it's worth noting that single-family homes under construction showed the first decline in over two years in June.

• The last notable release for the week is on Friday. The final estimate of the University of Michigan/Reuters consumer confidence survey will be released. It is very rare for the survey to show any major changes.

• Earnings will be hot and heavy next week, the second week featuring results from several S&P 500 companies. Since the majority of financial reports were released last week, the focus will now be on the tech and auto sectors. The most notable report to watch for is Apple's, due as part of a conference call beginning Tuesday at 2 p.m. PT. Traders will be paying keen attention to Apple's numbers given the atrocious results just released from Microsoft and Google.